On December 29, Great Wall Motor Co., Ltd. (hereinafter referred to as "Great Wall Motor") signed a strategic investment agreement with Hebei Tongguang Semiconductor Co., Ltd. (hereinafter referred to as "Tongguang"), a leading third-generation semiconductor company in the industry, to officially enter the core industry of third-generation semiconductors.
Signing site
This time, Great Wall Motors, as the leading investor, will promote the development of the latter's silicon carbide industry, focus on the application of the third generation of wide bandgap semiconductor silicon carbide in the new energy automobile industry, and promote the industrialization of silicon carbide semiconductor materials and chips.
Hebei Tongguang Semiconductor Co., Ltd. was established in 2012, in the field of third-generation semiconductor core technology has the industry's leading technology accumulation, relying on the Institute of Semiconductors of the Chinese Academy of Sciences, specializing in the research and development, preparation and sales of silicon carbide single crystal, is the largest in Hebei Province, is also the first in China to achieve mass production of the third generation of semiconductor materials silicon carbide single crystal substrate of high-tech enterprises. In September this year, Tongguang's first expansion project, Laiyuan Factory, has been put into operation. In the future, Tongguang co., Ltd. also plans to build 2,000 silicon carbide crystal growth furnace growth bases and processing bases, and the annual production capacity of silicon carbide single crystal substrates will reach 600,000 pieces.
6-inch conductive substrate produced by Tongguang Co., Ltd
Great Wall Motor's investment in Tongguang Shares, in-depth layout of the core areas of the third generation of semiconductors, in line with Great Wall Motors' strategic development plan in the field of new energy, but also help the industry to break through barriers. After Great Wall Motors invests in Tongguang Shares, the cooperation between the two sides will continue to deepen, promote the accumulation of technology in the field of third-generation semiconductors, promote the vertical layout of the semiconductor industry chain, and accelerate the pace of research and development and expansion of Tongguang Shares, strengthen the strength of enterprises, obtain more opportunities, form a more concentrated development pattern and a more perfect industrial chain, and provide important support for the development of the new energy automobile industry.
In the next five years, Great Wall Motors will focus on investing in key core technology areas such as third-generation semiconductors
At the 8th Great Wall Motor Science and Technology Festival in 2021, Great Wall Motors officially released the 2025 strategy - by 2025, it will achieve global annual sales of 4 million vehicles, of which 80% are new energy vehicles, and in the next five years, the cumulative R & D investment will reach 100 billion yuan. The key core technology areas of the third-generation semiconductors, such as large computing chips and silicon carbide, are one of the key development directions of Great Wall Motor's 2025 strategy.
Great Wall Motor proposed to combine silicon carbide, large computing chip, information fusion and other core technologies to increase investment in the field of intelligence and new energy; in terms of product application, the first high-end model Mecha Dragon released by Sharon Automobile, an independent operating brand newly incubated by Great Wall Motors, has applied silicon carbide products, and subsequent series of models will also apply silicon carbide products on a large scale.
Great Wall Motor's investment in Tongguang Will strengthen the layout of Great Wall Motors' upstream and downstream and device applications in the silicon carbide industry, and the conclusion of this partnership will further promote the integration and development of the two sides, and accelerate the promotion of technological innovation and localization in the automotive field.